Iran to inaugurate 2nd phase of Kavian Petrochemical Complex

Business Materials 3 May 2014 12:49 (UTC +04:00)

Baku, Azerbaijan, May 3

By Fatih Karimov - Trend:

The second phase of Kavian Petrochemical Complex in Iran's southern province of Bushehr will come on stream in the current Iranian solar year, which began on March 21.

Iranian deputy oil minister for petrochemical affairs Abbas She'ri Moqaddam said that the completion and construction of development projects are among the main priorities of the National Iranian Petrochemical Company, and therefore four petrochemical plants will come on stream this year, Iran's IRIB reported on May 3.

He further stated that the second phase of Kavian Petrochemical Complex, as well as petrochemical complexes of Lorestan, Kordestan and Mahabad will be operational by the end of the current Iranian solar year.

Iran's output of petrochemical products has fallen by 7.5 million tons during the last Iranian calendar year (ended on March 20), compared to the preceding year.

On April 17, deputy minister of oil for planning and supervision on hydrocarbon reserves, Mansour Moazzami said that gas supply to Iranian petrochemical complexes was suspended for 1-2 months last year due to increased domestic gas consumption during the cold season.

Iran produced some 41 million tons of petrochemicals during the calendar year of 1391(ended on March 21, 2013), according to the official website of the oil ministry.

National Iranian Petrochemical Company issued a report in March 2013 and forecast the total petrochemical output to reach 50 million tons during the calendar year of 1392.

However the recent statement of Moazzami indicates that the forecast figure was not realized and the country's petrochemical production output has fallen by 18 percent.